Wednesday, January 4, 2012

The Latest on Francisco Cordero

The pendelum just keeps swinging in the sweepstakes for right-handed reliever Francisco Cordero. With the market for free agent closers increasingly dwindling, multiple teams find themselves in the running for the 37-year old's services...including the Reds.

According to John Fay of the Enquirer, the team has extended a one-year contract estimated to be worth around $7 million -- a far cry from the $12 million option the club declined back in October. Nevertheless, it's an offer that Cordero and his agent Bean Stringfellow must seriously consider before passing up. Should the former-Red decide to accept the deal and join the newly-acquired lefty Sean Marshall, it would give Cincinnati one of the best setup/closer combos in all of the National League...maybe even MLB.

But for now, here are some recent quotes from both Stringfellow and Jocketty regarding Cordero:

"The Reds are involved, and are still interested in bringing him back. I am talking with them on a regular basis. We're still talking with them and a couple of other clubs. We're making progress on a lot of fronts. Multi-year contracts are definitely involved." -Stringfellow on the latest negotiations

"We're looking at one year or one year with an option. That's all it could be, right now -- one year guaranteed." -Jocketty on the length of the offered contract

"It could be today or 10 days from now. I don't know. I do know that we're closer now than we've been. I don't think it will carry on too much longer." -Stringfellow on when a deal could take place

"We're still trying to figure out the right deal for both of us. He's expressed interest in coming back and we've expressed interest in having him back." -Jocketty on the possibility of a multi-year offer

"Probably not. We're still hoping to get him in as a starter." -Jocketty on using Aroldis Chapman as the team's closer if they can't resign Cordero

Cordero is coming off perhaps his best season as a Red. He converted 37 of 43 saves chances (20 of 21 after All-Star Break) while posting a stingy 2.45 ERA and 5-3 record in 68 appearances. Regardless of which team he signs with, the Dominican native will be entering his 14th season in the bigs in 2012. Will he be spending it with the Redlegs?

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